Russia, US able to increase mutual trade, investments - Margelov

Federation Council Foreign Affairs Committee chairman Mikhail Margelov recalled that Russia and the U.S. are neighbours

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ST PETERSBURG, June 20 (Itar-Tass) - Russia and the United States have the big potential to increase mutual trade and investments, Federation Council Foreign Affairs Committee chairman Mikhail Margelov said during the Russia-U.S. Business Dialogue.

On the sidelines of the St Petersburg International Economic Forum, Margelov said, “Our relations in the fields of business and trade are the hope that will allow us to develop. Trade turnover and the amount of investments are far from what the countries with such economies should have.”

Margelov recalled that Russia and the U.S. “are neighbours and they cannot be razed to the ground by any geopolitical eraser that is why relations should be predictable and good-neighbourly”.

Margelov said Russia and the United States needed stable and predictable relations. “I’m getting tired of ‘resetting’ Russian-American relations during each new political cycle. We should have normal, stable, predictable and institutionalized relations.”

The legislator said the political dialogue should be held between governments and between legislators. “I want to urge our colleagues on the Capitol Hill to remember the bundle of memories and bring our relations back to life. Then we’ll have fewer mutual surprises and mutual misunderstanding,” Margelov said.